Homework Help: accounting

Posted by Krystal on Wednesday, November 18, 2009 at 9:43am.

Common stock $1.50 par, 1800 million shares issued.....................$2700
Capital in excess of par..........$8100
Retained Earnings.................$1200
Treasury stock....................$0
Total S. Equity.................$12,000

If million shares of common stock are issued for $12.50 per share, 1 million shares of treasury stock are purchased for $14 million and $30 million cash dividends are declared and paid, update the above stockholders equity section.

No one has answered this question yet.

Answer this Question

Related Questions

accounting - Pearson began 20XX with 30,000 $1 common shares issued and ...
financial accounting - (5) Chapter 13 Problem The Torre Company has the ...
accounting - I just have a small question about how to calculate the shares of ...
accounting - The following stockholders' equity accounts arranged ...
ACC291 - The following stockholders' equity accounts arranged alphabetically...
accounting - E11-9 The following stockholders’ equity accounts, arranged ...
Finance - You are provided the following information on a company. The total ...
acc/291 - The following stockholders’ equity accounts arranged ...
accounting - The stockholders' equity accounts of Lawrence Company have the ...
accounting - Finishing Touches has two classes of stock authorized: 8%, $10 par ...

For Further Reading

First Name:
School Subject:
Answer: